Dear CoinEx users,
According to the CET applications, CoinEx has conducted the 6th Monthly CET Repurchase & Burning in 2023. 27,789,007.46 CET in total were repurchased and then burnt on July 1, 2023.
1. Repurchase details
(1) Repurchased amount: 27,789,007.46 CET
(2) Address for daily repurchased：https://www.coinex.com/token
2. Burning details
(1) Burning Market Value: 912,786.83 USD
(2) Tx ID: 0x87e4f9b49e0c321fa66cb89b08c41ef0f86d740dd04c4fa244113acc8b2f3599
3. CET details
Up to July 1, 2023, the records of CET repurchasing, burning and remaining are as follows:
Total Repurchased:1,883,277,175.45 CET
Total Burning: 6,964,257,230.14 CET
Total Remaining: 2,987,643,981.89 CET
4. Notes
Based on the Disclosure of CET Circulation and Future Applications, we will repurchase CET daily with 50% of our transaction fee income, and burn all the CET repurchased at the end of each calendar month until the total supply of CET reduces to 3 billion. According to users’ feedback and after careful consideration, after the "3 billion" target is achieved, we will continue to use 20% of our fee income for CET repurchase and burning until it is completely burned.
CoinEx Team
July 1, 2023